itunes 3

Turning iPod into a universal remote.

However, Apple doesn’t make money on iTunes. It goes to the RIAA and credit card companies. Update: 24 Apr 2007 – Looks like Apple is making money on iTunes after all. They’ve renegotiated agreements, especially with credit card companies, and make as much as 10 cents per song. Comments drew 15 Feb 2011 2:08 am: it obviously does its a company from what revenue they get get say 1.5 B they would give alot to companies (who then takes some and gives it to the artists) and they’re left with around 500 M and then thats what they earn

PC iTunes hits 1 million downloads. Apple also announced a promotion with PepsiCo Inc. starting in February in which 100 million winning bottle caps on certain Pepsi drinks grant the winner a free song. When I read that, I said, “That’s 99 million dollars!” Then I said, “No, it costs just the royalty… which may be a fixed cost anyway.” Then I figured, “Lots of people will buy Pepsi. Maybe Pepsi paid Apple for it.” Smart move, Jobs.